Apologies for coming across as harsh. I fell into the trap of taking something I disagree with overly personally. I do, however, think your take on this is quite wrong. PGC is probably the best run company I've come across in the last few years in my opinion. You only seem to consider the capital outlays and count the value they've produced as effectively zero. I'll copy in some figures from the last report:
Revenue of $93.4m
EBITDA of $12.1m
Net profit after tax of $7.5m
Cash at bank ended the year at $19.1m
EPS of 5.6 cents
All of these figures are on a consistent upward trajectory.
Yes, they've issued a lot of shares (mainly to vendors) and made some borrowings in order to grow their business aggressively, but this tactic has worked beautifully. I'd invite you to reconsider your opinion, but that's just my opinion.
All the best in finding more good stocks.
PGC Price at posting:
81.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)